strategic initiatives update dale stinton, ceo. realtor® ecommerce network (n/a) implementation...
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REALTOR® eCommerce Network (n/a)
Implementation began in 1999
eCommerce
• 2014 volume $700,000,000• 3 million transactions/year• All major credit card companies• Conservative estimated annual
savings (3%) translates to $20mm plus/year
Paid from Annual Dues $ -0-
SentriLock Buy-Back (SCI and SUB)
SentriLock
Acquired 100% Ownership in 2011• Produced One Millionth Box in 2014• 30% Market share (target was 15%)• Serving 305,000 Professionals in 286
Boards• SentriLock Financing & Credit
Union Financing available• Royalties & Sponsorships to NAR
$350,000Paid from Annual Dues $ -0-
Commercial Partnership (SCI)ePropertyData (ePD)
Now Known As …Xceligent
Merged with Xceligent in 2012• One Board Seat• Competitive National Commercial Listings
Platform• 25,000 Commercial users in 46 markets• Commercial Search – 430,000 listings
Paid from Annual Dues $ -0-
Domain Dominance (SCI)Implementation began in 2006
Now Known As …Top Level Domains
.Launched October, 2014
.REALTOR 100,000+ Domains Secured.REALESTATE (tbd).MLS (tbd)
Paid from Annual Dues $ -0-
Credit Union (SCI)Implementation began in 2007
Now Known As …REALTORS® Federal Credit Union
(RFCU)(A Division of Northwest Federal Credit Union)
• 345 State/Local Association Accounts• Membership Participation – 12,000 mbrs• New Credit Card offered November, 2014• 2014 Loans to REALTORS® - $17.6m• 2014 Loans to Brokers, Associations - $7.8m• 2015 Royalties/Sponsorships to NAR $575,000
Paid from Annual Dues $ -0-
Membership System Alternative (SCI and SUB)
Implementation began in 2011
Now Known As …RAMCO
• Signed Contracts -132 Associations
• Representing 243,000 Members• Annual Growth – 25%/yr• Customer Support Satisfaction
Rating – 94%
Paid from Annual Dues $ -0-
REBAC (SUB)
Now Known As …Center for Real Estate Education/ REALTOR® University (CSRE/RU)
(1997/2010)
Paid from Annual Dues $ -0-
• REBAC 29,000 Members
• SRES 13,600 Members
• GREEN 4,150 Members
• ePro 37,500 Members
• SFR 53,000 Members
• BPOR 5,500 Members
• MRP 3,300 MembersREALTOR®
University• 22 Masters Degrees
Conferred• 70 Students Currently
Admitted• Accreditation (2016)
Consumer Outreach-Public Relations (SCI)
Implementation began in 2009Consumer Advertising Campaign/
HouseLogic / RET Radio• 3.9 billion impressions annually• HouseLogic – 1 million visits/mo,
350,000 Social Media Followers• RET Radio - 176 major markets, all 50
states- 1.5 million listeners/mo- 300,000 digital listeners/mo
Consumer Outreach – Political (SCI)
Implementation began in 2012
Now Known As …Consumer Outreach Campaign
• 3 billion emails/web ads annually to 75 million Home Owners
• REALTOR® Party Consumer Database – 7.3mm Consumers (target was 10% of homeowners)
• Last Call-For-Action 150,000 members, 603,000 consumers
NewCo (Technology Venture) (SCI and SUB)
Implementation began in 2009Now Known As …
Second Century Ventures (SCV)
• Direct investment in 4 companies• 23 REach (incubator) companies• Over 1,200 companies evaluated• Return on Investment – 635%
Paid from Annual Dues $ -0-
National RE Gateway Information (SCI and SUB)
Implementation began in 2010
Now Known As …REALTORS® Property Resource
(RPR)
• 634 MLS / 882,000 Members• 84% of all active Residential Listings• 99% of Public Records/Tax
Assessment Data• Mobile APP surpassed 100,000
downloads• Usage ranges from 2% to over 40 %
Paid from Annual Dues $ 22
One Ship Drives East And Another Drives West With The Self-Same Winds That Blow
“Tis The Set Of The Sails And Not The Gales
Which Tells Us The Way To Go.”David McCulloush ‘The Wright Brothers’
8 Years Ago You Set Our Sails
And We Took Many Journeys_______
We Now Ask You ToSet Those Sails Again!